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6 votes
You invest $5000 in an account to save for college.

The account pays 5% annually and compounds continuously.
What would be the account balance after 4 years.

User Phil Young
by
6.6k points

1 Answer

10 votes

Answer:

5000 multiplied by 0.05 multiplied by 4

Explanation:

you should get 1000. :D next you add 1000 to the orginal 5000 to get 6000!

User Betasux
by
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